The AI bubble is deflating, and disillusionment is setting in as the technology fails to live up to the hype. Wall Street analysts and insiders say there is still hope, but studies show that products described as using AI are consistently less popular, especially for high-risk purchases.

Workplaces are finding that AI technology's enormous potential is not yet being delivered, with 77% of workers who use AI saying the tools have decreased their productivity and added to their workload. Only about 5% of businesses have used AI in the past fortnight, and even ambitious plans to make MakerDAO autonomous through AI have been shelved.

The issue is that AI may be correct 97% of the time, but that isn't reliable enough for most critical operations. AI has entered the "trough of disillusionment" phase of the Gartner Hype Cycle, where interest wanes as experiments and implementations fail to deliver on the hype.

Source: https://cointelegraph.com/magazine/ai-hits-trough-of-disillusionment-ai-bubble-not-over-ai-eye/

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